Price for Textiles; Worn Clothing and Other Worn Articles in the United States - 2023
Contents:
- Price for Textiles; Worn Clothing and Other Worn Articles in the United States (FOB) - 2023
- Price for Textiles; Worn Clothing and Other Worn Articles in the United States (CIF) - 2022
- Exports of Textiles; Worn Clothing and Other Worn Articles in the United States
- Imports of Textiles; Worn Clothing and Other Worn Articles in the United States
Price for Textiles; Worn Clothing and Other Worn Articles in the United States (FOB) - 2023
In December 2023, the average export price for textiles; worn clothing and other worn articleses amounted to $1,345 per ton, approximately equating the previous month. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 10% month-to-month. As a result, the export price reached the peak level of $1,534 per ton. From February 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Honduras ($2,000 per ton), while the average price for exports to Tunisia ($487 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Textiles; Worn Clothing and Other Worn Articles in the United States (CIF) - 2022
In 2022, the average import price for textiles; worn clothing and other worn articleses amounted to $2,002 per ton, surging by 43% against the previous year. In general, the import price saw a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($6,605 per ton), while the price for Honduras ($361 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Textiles; Worn Clothing and Other Worn Articles in the United States
In 2022, exports of textiles; worn clothing and other worn articleses from the United States fell modestly to 721K tons, leveling off at the previous year. In general, exports saw a noticeable slump. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year.
In value terms, exports of textiles; worn clothing and other worn articleses rose rapidly to $955M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 36% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Textiles; Worn Clothing and Other Worn Articles in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 95.2 | 88.2 | 138 | 175 | 22.5% |
| Chile | 64.8 | 58.9 | 81.1 | 93.2 | 12.9% |
| Honduras | 62.1 | 53.8 | 86.4 | 92.9 | 14.4% |
| Nicaragua | 26.2 | 28.3 | 65.3 | 69.0 | 38.1% |
| Canada | 52.4 | 32.3 | 53.0 | 59.9 | 4.6% |
| Mexico | 20.4 | 24.4 | 40.3 | 56.2 | 40.2% |
| El Salvador | 24.4 | 28.5 | 33.1 | 44.2 | 21.9% |
| India | 39.2 | 28.9 | 35.8 | 42.4 | 2.7% |
| Dominican Republic | 24.1 | 28.6 | 32.0 | 34.3 | 12.5% |
| Pakistan | 17.6 | 19.2 | 20.2 | 24.7 | 12.0% |
| Philippines | 8.0 | 5.0 | 9.8 | 11.4 | 12.5% |
| United Arab Emirates | 22.3 | 14.0 | 10.4 | 10.4 | -22.5% |
| Democratic Republic of the Congo | 9.4 | 8.1 | 5.9 | 6.7 | -10.7% |
| Others | 216 | 195 | 220 | 234 | 2.7% |
| Total | 681 | 613 | 831 | 955 | 11.9% |
Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from the United States in 2022:
- Guatemala (118.0K tons)
- Canada (96.8K tons)
- Chile (65.1K tons)
- India (63.2K tons)
- Honduras (49.2K tons)
- Mexico (41.2K tons)
- Pakistan (40.8K tons)
- Dominican Republic (39.7K tons)
- Nicaragua (34.8K tons)
- El Salvador (25.3K tons)
- Philippines (17.7K tons)
- United Arab Emirates (11.6K tons)
- Democratic Republic of the Congo (10.3K tons)
Imports of Textiles; Worn Clothing and Other Worn Articles in the United States
In 2022, the amount of textiles; worn clothing and other worn articleses imported into the United States declined dramatically to 12K tons, with a decrease of -16% against 2021. The total import volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 27% against the previous year. As a result, imports reached the peak of 14K tons, and then contracted notably in the following year.
In value terms, imports of textiles; worn clothing and other worn articleses surged to $23M in 2022. Overall, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 56%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Textiles; Worn Clothing and Other Worn Articles in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 2.3 | 3.0 | 8.9 | 14.8 | 86.0% |
| Canada | 1.5 | 0.7 | 1.2 | 1.2 | -7.2% |
| India | 0.2 | 0.3 | 0.9 | 1.1 | 76.5% |
| United Kingdom | 0.3 | 3.0 | 1.5 | 1.0 | 49.4% |
| France | 1.0 | 1.2 | 0.9 | 0.7 | -11.2% |
| Japan | 0.4 | 0.4 | 0.6 | 0.4 | 0.0% |
| Honduras | 0.8 | 0.4 | 0.4 | 0.3 | -27.9% |
| Guatemala | 0.1 | 0.2 | 0.3 | 0.2 | 26.0% |
| Germany | 1.1 | 0.4 | 0.2 | 0.2 | -43.3% |
| Dominican Republic | 0.4 | 0.2 | 0.1 | 0.2 | -20.6% |
| Others | 1.9 | 2.7 | 4.4 | 3.3 | 20.2% |
| Total | 10.1 | 12.4 | 19.4 | 23.3 | 32.1% |
Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to the United States in 2022:
- Pakistan (5.9K tons)
- Canada (2.8K tons)
- Honduras (0.9K tons)
- India (0.3K tons)
- France (0.2K tons)
- United Kingdom (0.2K tons)
- Guatemala (0.2K tons)
- Dominican Republic (0.2K tons)
- Germany (0.1K tons)
- Japan (0.1K tons)
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